Exclusive-Honeywell's Quantinuum raises $1.68 billion in US IPO as quantum computing heats up, source says
Honeywell's Quantinuum has successfully raised $1.68 billion through its U.S. initial public offering, pricing shares at $60 each. The company, based in Broomfield, Colorado, sold 28 million shares, reflecting strong investor interest in the quantum computing sector. Quantinuum, formed from a merger in 2021, will begin trading on the Nasdaq under the ticker symbol 'QNT'.
- ▪Quantinuum raised $1.68 billion in its U.S. IPO after pricing shares at $60 each.
- ▪The company sold 28 million shares, indicating strong demand from investors.
- ▪Quantinuum will start trading on the Nasdaq under the ticker symbol 'QNT'.
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